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| --- | --- | --- |
|   | (I) | Lessee is in default under any obligation in excess of $1,000,000 which it has for the payment of money to any person or entity.  |

  




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| --- | --- |
| 13.2 | Upon the occurrence of any Event of Default, Lessor may elect to declare this Lease to be in default and immediately take one or more of the following actions:
 |

  




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| --- | --- | --- |
|   | (A) | proceed by appropriate court action or actions either at law or in equity to enforce performance by Lessee of the applicable covenants and terms of this Lease or to recover from
Lessee any and all damages or expenses which Lessor shall have sustained by reason of Lessee’s default under this Lease or on account of Lessor’s enforcement of its remedies hereunder;  |

  




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| --- | --- | --- |
|   | (B) | terminate Lessee’s rights under this Lease, whereupon Lessee, at Lessee’s sole cost and expense, shall cause the Aircraft to be delivered to Lessor in accordance with
Article 14;  |

  




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| --- | --- | --- |
|   | (C) | declare all rentals and other sums payable by Lessee under this Lease immediately due and payable;  |

  




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| --- | --- | --- |
|   | (D) | take possession of the Aircraft, whereupon Lessee’s right to the possession of the Aircraft shall terminate;  |